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Vijay Mallya’s Lavish Lifestyle Delaying Loan Settlement, Karnataka High Court Rules In Favour Of Diageo Over UBL Shares

Vijay Mallya’s Lavish Lifestyle Delaying Loan Settlement, Karnataka High Court Rules In Favour Of Diageo Over UBL Shares
Photo: Free Press Journal · view original

Mumbai: The Karnataka High Court has observed that businessman Vijay Mallya’s extravagant lifestyle and personal indulgence appear to be delaying the closure of loan recovery proceedings linked to the now-defunct Kingfisher Airlines. According to a Bar and Bench report, the court made these rema...

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